
Analysis and Trade Plan - 18 December 2019
Nifty future witnessed long buildup. We hit a new all time high. Down move and buildup on Monday was fake. It also shows how big players fake the market data. Max Pain moved up to 12100 which is bullish. PCR at 1.65 is extremely bullish right now. India Vix eased further to 12.62, down 6%. Again a sign that there is not much fear in the market right now. FIIs were net buyer of 1248 crore and DIIs were net seller of 908 crore giving a net buy for the day. Monthly Max pain move